OFF MARKET

42 Cedar Road
Palm Cove QLD 4879

Bedrooms: 6
Bathrooms: 6
Car spaces: 2
Floor area: 331m2
Land area: 792m2
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Property Details for 42 Cedar Rd, Palm Cove

42 Cedar Rd, Palm Cove is a 6 bedroom, 6 bathroom House with 2 parking spaces and was built in 2014. The property has a land size of 792m2 and floor size of 331m2. While the property is not currently for sale or for rent, it was last sold in October 2022.

Building Type
House
Year Built
2014
Floor Size
331m2
Land Size
792m2
Local Government
Cairns Regional
Lot/Plan
1/RP746097

Last Listing description (January 2023)

Premium Palm Cove location with outstanding returns with so many rental option, only moments to Williams Esplanade, this exclusive property has a versatile configuration that is perfect for any style accommodation. This impressive and rare home offers the best of both worlds, nest and invest.
Private and luxurious setting with design features to capture the cooling sea breezes with plenty of privacy for all occupants and guests.
Constructed to the highest standard and presents unparalleled returns and income stream that can be a large home, short to long term rental or holiday resort.

Discover the high yield that could be yours with a flexible configuration augmenting your portfolio, retirement or foray into a high cash flow investment. This is one of the most interesting real estate propositions that you could consider. A compelling asset for Superannuation funds, long-term income security and headline asset management savvy investors.

Features:
Four extra large suites overlooking the pool with external access all with kitchenette, walk in robe and pampering ensuite (not all rooms featured in photos)
Stunning pool with tropical outlook
Two fully equipped kitchens
Separate house with four oversized bedrooms and two bathrooms
Powder room
Study corner
Stunning undercover deck for alfresco dining and lounging
Expansive laundry room with two-way access
Plenty of storage space
Sun lounge lawn
Solar panels
Solar hot water
2015 build

This is the property of the future. There's no time like the present to make the dream a reality.
Call Shira David Stern for more information.

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Property History for 42 Cedar Rd, Palm Cove, QLD 4879

A timeline of how this property has performed in the market
Last Sold
$1,700,000
05 Oct 2022
  • 05 Oct 2022
    Sold for $1,700,000
  • 30 Aug 2022
    Listed for Sale Under Contract
  • 20 Dec 2019
    Sold for $1,100,000
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About Palm Cove 4879

The size of Palm Cove is approximately 3.6 square kilometres. It has 11 parks covering nearly 24.5% of total area. The population of Palm Cove in 2011 was 1,656 people. By 2016 the population was 2,082 showing a population growth of 25.7% in the area during that time. The predominant age group in Palm Cove is 60-69 years. Households in Palm Cove are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Palm Cove work in a professional occupation. In 2011, 49.6% of the homes in Palm Cove were owner-occupied compared with 57.1% in 2016.

Palm Cove has 2,771 properties. Over the last 5 years, Houses in Palm Cove have seen a 62.74% increase in median value, while Units have seen a 53.29% increase. As at 30 September 2024:

  • The median value for Houses in Palm Cove is $1,002,548 while the median value for Units is $536,421.
  • Houses have a median rent of $760 while Units have a median rent of $475.
There are currently 56 properties listed for sale, and 15 properties listed for rent in Palm cove on OnTheHouse. According to CoreLogic's data, 127 properties were sold in the past 12 months in Palm cove.

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